---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-028505"
form_type: "8-K"
ticker: "VUZI"
cik: "0001463972"
company_name: "Vuzix Corp"
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T12:59:10.074048+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vuzix Q4 revenue falls 13% YoY; full-year net loss widens to $40.8M

## Summary
- Full-year 2022 total revenues $11.8M, down 10% YoY; net loss $40.8M ($0.64/share) vs $40.4M ($0.66) in 2021.
- Q4 2022 revenues $2.9M, down 13% YoY; gross loss of $0.1M vs gross loss of $0.01M in Q4 2021.
- Cash and equivalents $73M; working capital $76M as of Dec 31, 2022.
- Management expects record 2023 revenues; Q1 shipments and orders pacing to outpace each 2022 quarter.
- OEM business group revenue grew 250% YoY; acquired Moviynt SaaS provider in 2022.

## SEC filing metadata
- accession: 0001104659-23-028505
- form_type: 8-K
- ticker: VUZI
- cik: 0001463972
- company_name: Vuzix Corp
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463972/000110465923028505/0001104659-23-028505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463972/000110465923028505/tm238544d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-028505
- JSON: https://secwatch.observer/filing/0001104659-23-028505.json
- Plain text: https://secwatch.observer/filing/0001104659-23-028505.txt

## Key facts
- Earnings Releases
  Vuzix Corp reported the three months ended December 31, 2022 results: revenue $2.9 million.
  - Period: the three months ended December 31, 2022
  - Revenue: $2.9 million
  - Result: reported results
  source text: For the three months ended December 31, 2022, total revenues were $2.9 million, a 13% decrease over the prior year's period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463972/000110465923028505/0001104659-23-028505-index.htm
- Earnings Releases
  Vuzix Corp reported the year ended December 31, 2022 results: revenue $11.8 million, net income $40.8 million, EPS $0.64 cents per share.
  - Period: the year ended December 31, 2022
  - Revenue: $11.8 million
  - Net income: $40.8 million
  - EPS: $0.64 cents per share
  - Result: reported results
  source text: ) $ (40,764 ) $ (40,377 ) Loss per Share $ (0.17 ) $ (0.17 ) $ (0.64 ) $ (0.66 ) Full Year 2022 Financial Results For the full year ended December 31, 2022, total revenues were $11.8 million, a decrease of 10% over the comparable period in 2021. The decrease in revenues for the year was due to lower sales of smart glasses, which resulted from a combination of higher
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463972/000110465923028505/0001104659-23-028505-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.